OAKVILLE, ON, Feb. 26, 2021 /CNW/ – Harvest Portfolios Group Inc. (“Harvest”) announces a change to the monthly distribution amount from $0.0583 CAD per unit to $0.0700 CAD per unit for the Class A units of the Harvest Tech Achievers Growth & Income ETF (HTA:TSX), from $0.0583 USD per unit to $0.0700 USD per unit for the Class U units of the Harvest Tech Achievers Growth & Income ETF (HTA.U:TSX) and from 0.0583 CAD per unit to $0.0700 CAD per unit for the Class B units of the Harvest Tech Achievers Growth & Income ETF (HTA.B:TSX). The new monthly distribution amount for both Class A units, Class U units and Class B units, taking effect for the April 30, 2021 record date, represents a current annual yield of approximately 5.9% for Class A units, 5.7% for Class U units and 6.3% for Class B units.
The change to the distribution amount is intended to provide a reasonable and sustainable yield for unitholders of both the Class A, Class U and Class B units of the Harvest Tech Achievers Growth & Income ETF while continuing to provide the opportunity for long-term capital appreciation through exposure to the large cap global technology sector.
About Harvest Portfolios Group Inc.
Founded in 2009, Harvest is a Canadian Investment Fund Manager managing over $1.2 billion in assets for Canadian Investors. Harvest offers an innovative suite of exchange traded funds, mutual funds and publicly-listed structured fund products designed to satisfy the long-term growth and income needs of investors. We pride ourselves in creating trusted investment solutions that meet the expectations of our investors.
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